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Category: Business
Afreximbank, UBA sign $150m trade facility agreement
The Afreximbank has signed a 150 million dollar trade finance facility agreement with United Bank for Africa (UBA) PLC, under the Ukraine Crisis Adjustment Trade…
CAC restates commitment to improve revenue
The Registrar-General/CEO of the Corporate Affairs Commission, Hussaini Magaji, has reaffirmed his commitment to the full implementation of his four-point agenda to improve revenue and…
Customs intercept N924m worth of contraband
The Nigeria Customs Service, Western Marine Command, intercepted different contrabands worth N924m between August and October, the command has said. The command in a statement on…
FG to spend N7.76tn on salaries, others
The Federal Government’s recently agreed wage with the Labour Congress, salaries to federal workers, and other non-debt recurrent costs are expected to gulp N7.76tn in…
Crude shortage delays Dangote refinery, five others’ take-off
• Lack of supply to Dangote shameful, says FG, minister blames low production The failure to supply crude oil to domestic refineries, including the multi-billion…
Bill Gates’ Former Assistant Steve Ballmer Is Now World’s 5th Richest Person
Bill Gates’ ex-assistant has rocketed up the list of the world’s richest people, and could soon overtake Microsoft‘s world-famous cofounder and his former boss in net…
Mixed feelings on CBN’s forex ban reversal
Major operators in the Nigerian Maritime sector have argued back and forth over the decision of the new Governor of the Central Bank of Nigeria,…
Fuel imports drop as depots slash allocation to filling stations
There are strong indications that the volume of fuel imports has dropped drastically as deports operators’ battle shortage of Premium Motor Spirit (PMS), popularly called petrol….
Airlines increase flight seats to beat high operating costs
As part of strategies to beat high operating costs in the aviation industry, domestic airlines have increased the number of flight seats, allowing more travellers…
FG to pay nine months N-Power arrears from November
The Federal Government has announced its readiness to commence the payment of nine months backlogs to N-Power beneficiaries who are on the programme beginning from…